Jacobs Solutions Inc. (NYSE:J) Shares Sold by Baupost Group LLC MA

Baupost Group LLC MA trimmed its position in Jacobs Solutions Inc. (NYSE:J) by 29.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 350,681 shares of the company’s stock after selling 143,537 shares during the quarter. Jacobs Solutions comprises 1.3% of Baupost Group LLC MA’s investment portfolio, making the stock its 15th biggest position. Baupost Group LLC MA owned 0.28% of Jacobs Solutions worth $45,904,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Glenmede Trust Co. NA lifted its holdings in shares of Jacobs Solutions by 58.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,261 shares of the company’s stock worth $820,000 after acquiring an additional 2,312 shares during the last quarter. Lazard Freres Gestion S.A.S. lifted its holdings in shares of Jacobs Solutions by 29.5% in the 3rd quarter. Lazard Freres Gestion S.A.S. now owns 3,560 shares of the company’s stock worth $466,000 after acquiring an additional 810 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Jacobs Solutions in the 3rd quarter worth approximately $67,000. FMR LLC lifted its holdings in shares of Jacobs Solutions by 3.9% in the 3rd quarter. FMR LLC now owns 79,358 shares of the company’s stock worth $10,388,000 after acquiring an additional 3,011 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Jacobs Solutions by 53.0% in the 3rd quarter. D.A. Davidson & CO. now owns 6,833 shares of the company’s stock worth $895,000 after acquiring an additional 2,366 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 1.0 %

J stock opened at $140.69 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. The company has a market cap of $17.48 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.10 and a beta of 0.71. The company’s 50-day moving average price is $141.92 and its 200 day moving average price is $142.32. Jacobs Solutions Inc. has a 52 week low of $101.64 and a 52 week high of $150.54.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.90 EPS. On average, research analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, October 25th. Jacobs Solutions’s dividend payout ratio is presently 18.33%.

Insider Activity

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This trade represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on J shares. Royal Bank of Canada decreased their price target on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. StockNews.com started coverage on shares of Jacobs Solutions in a research report on Tuesday. They issued a “buy” rating for the company. Citigroup decreased their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Robert W. Baird raised their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, UBS Group raised their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Jacobs Solutions Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.